Cable

Cable

Cable

1. Informal; the exchange rate between the British pound and the U.S. dollar. This term is used by currency traders, and it originates from the transatlantic cables used to wire the exchange rate between the two currencies in the 19th century.

Presently the English Channel was bridged--a series of great iron Eiffel Tower pillars carrying mono-rail cables at a height of a hundred and fifty feet above the water, except near the middle, where they rose higher to allow the passage of the London and Antwerp shipping and the Hamburg-America liners.

He avoided churches, buildings, and mono-rail cables with consummate ease as he conversed.

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